I Happened Across $15,000

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PickMe!
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Re: I Happened Across $15,000

Postby PickMe! » Sat Dec 15, 2012 12:37 am

What the fuck ever! Dude, blow it. Have fun.

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dingbat
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Re: I Happened Across $15,000

Postby dingbat » Sat Dec 15, 2012 12:38 am

PickMe! wrote:What the fuck ever! Dude, blow it. Have fun.

Seriously, this is the worst possible advice

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Lawquacious
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Re: I Happened Across $15,000

Postby Lawquacious » Sat Dec 15, 2012 12:40 am

Send it to me. I'll give you the info. It will be officially considered Charrity.

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Mick Haller
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Re: I Happened Across $15,000

Postby Mick Haller » Sat Dec 15, 2012 12:43 am

Veyron wrote:Although paying off stuff immediately may be tempting, I'd wait till I had an post-graduation offer in hand to do so. That way, if you don't get a 2L SA or you get no offered you still have a safety net. Also, not all firms give bar stipends so it behooves you to have some money set aside for living expenses while you study for the bar even if you do have a job lined up. If you have credit cards though you can pay those off and then use them for bar living expenses when the time comes.


Take this advice. Plus, if your school learns you came into some $$$, they may lower your need-based aid for the next year.

Save till you graduate, then use it to pay down principal when you are employment secure.

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bizzybone1313
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Re: I Happened Across $15,000

Postby bizzybone1313 » Sat Dec 15, 2012 1:03 am

Mick Haller wrote:
Veyron wrote:Although paying off stuff immediately may be tempting, I'd wait till I had an post-graduation offer in hand to do so. That way, if you don't get a 2L SA or you get no offered you still have a safety net. Also, not all firms give bar stipends so it behooves you to have some money set aside for living expenses while you study for the bar even if you do have a job lined up. If you have credit cards though you can pay those off and then use them for bar living expenses when the time comes.


Take this advice. Plus, if your school learns you came into some $$$, they may lower your need-based aid for the next year.

Save till you graduate, then use it to pay down principal when you are employment secure.


I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?

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thesealocust
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Re: I Happened Across $15,000

Postby thesealocust » Sat Dec 15, 2012 1:23 am

bizzybone1313 wrote:
Mick Haller wrote:
Veyron wrote:Although paying off stuff immediately may be tempting, I'd wait till I had an post-graduation offer in hand to do so. That way, if you don't get a 2L SA or you get no offered you still have a safety net. Also, not all firms give bar stipends so it behooves you to have some money set aside for living expenses while you study for the bar even if you do have a job lined up. If you have credit cards though you can pay those off and then use them for bar living expenses when the time comes.


Take this advice. Plus, if your school learns you came into some $$$, they may lower your need-based aid for the next year.

Save till you graduate, then use it to pay down principal when you are employment secure.


I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


I like your spirit. Nothing shouts "make me an officer of the court empowered with the public's trust" like an attitude of "please help me defraud my law school."

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20130312
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Re: I Happened Across $15,000

Postby 20130312 » Sat Dec 15, 2012 1:30 am

thesealocust wrote:I like your spirit. Nothing shouts "make me an officer of the court empowered with the public's trust" like an attitude of "please help me defraud my law school."

I don't know if I've mentioned it, but you are my favorite poster.

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bizzybone1313
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Re: I Happened Across $15,000

Postby bizzybone1313 » Sat Dec 15, 2012 1:31 am

thesealocust wrote:
bizzybone1313 wrote:
Mick Haller wrote:
Veyron wrote:Although paying off stuff immediately may be tempting, I'd wait till I had an post-graduation offer in hand to do so. That way, if you don't get a 2L SA or you get no offered you still have a safety net. Also, not all firms give bar stipends so it behooves you to have some money set aside for living expenses while you study for the bar even if you do have a job lined up. If you have credit cards though you can pay those off and then use them for bar living expenses when the time comes.


Take this advice. Plus, if your school learns you came into some $$$, they may lower your need-based aid for the next year.

Save till you graduate, then use it to pay down principal when you are employment secure.


I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


I like your spirit. Nothing shouts "make me an officer of the court empowered with the public's trust" like an attitude of "please help me defraud my law school."[/quote

Lol. You know what is so ironic about your comment. With the exception of about 20 (or 14 or 6 or 3) law schools, almost all of the rest of the law schools in the country defraud their students by awarding them a poisionious, overpriced law degree. I have to look out for my financial future. I don't know why I should be punished for saving $60K before returning back to law school when I could have blown all that money on different adventures.

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laxbrah420
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Re: I Happened Across $15,000

Postby laxbrah420 » Sat Dec 15, 2012 1:38 am

This isn't fucking undergrad dude. You're not getting need based financial aid unless youre going to one of those non poisonous schools

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Mick Haller
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Re: I Happened Across $15,000

Postby Mick Haller » Sat Dec 15, 2012 2:20 am

bizzybone1313 wrote:I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


Gift to your parents. De-gift upon graduation.

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thesealocust
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Re: I Happened Across $15,000

Postby thesealocust » Sat Dec 15, 2012 2:24 am

Mick Haller wrote:
bizzybone1313 wrote:I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


Gift to your parents. De-gift upon graduation.


Won't work unless poster is over the age of 26 or so I think; they look at your parents assets as well.

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Mick Haller
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Re: I Happened Across $15,000

Postby Mick Haller » Sat Dec 15, 2012 2:30 am

thesealocust wrote:
Mick Haller wrote:
bizzybone1313 wrote:I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


Gift to your parents. De-gift upon graduation.


Won't work unless poster is over the age of 26 or so I think; they look at your parents assets as well.


Honorary pet trust then; appoint self as trustee.

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dingbat
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Re: I Happened Across $15,000

Postby dingbat » Sat Dec 15, 2012 7:45 am

bizzybone1313 wrote:I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?
Do you want to be admitted to the bar?
Don't fuck with this shit, it's not worth it

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DEO3029
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Re: I Happened Across $15,000

Postby DEO3029 » Sat Dec 15, 2012 9:46 am

Call Options on Apple. At under 510 a share, you could buy some February or March options for 5k & net out at least an extra 2k.

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dingbat
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Re: I Happened Across $15,000

Postby dingbat » Sat Dec 15, 2012 10:31 am

DEO3029 wrote:Call Options on Apple. At under 510 a share, you could buy some February or March options for 5k & net out at least an extra 2k.

Nah, just sell some calls. You'll be rolling

zanzbar
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Re: I Happened Across $15,000

Postby zanzbar » Sat Dec 15, 2012 3:12 pm

laxbrah420 wrote:This isn't fucking undergrad dude. You're not getting need based financial aid unless youre going to one of those non poisonous schools


Not entirely true since I take you to mean T14 as the only non-poisonous school, I go to Univ of Hou, and I had to file my income tax return last year in a very particular way in order to get my FASFA number really low so I could get the need based financial grant they offer.

Pretty much if you know any successful farmers ask them who they use as an accountant because those guys know all the loopholes in order to get pretty much any state of federal funded grants that can help their clients, including college ones for their kids.

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Doorkeeper
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Re: I Happened Across $15,000

Postby Doorkeeper » Sat Dec 15, 2012 3:28 pm

Nova wrote:
MapsMapsMaps wrote:I should save a 1-2000 to pay for the STD meds though.

YOLO

180 exchange.

badaboom61
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Re: I Happened Across $15,000

Postby badaboom61 » Sat Dec 15, 2012 3:57 pm

Don't forget that grad plus loans have a f***ing FOUR PERCENT origination fee. If you do decide to pay down loans, it may make more sense to save the money and just forego taking taking out newg rad plus loans than to pay down preexisting principal. This might also allow you to get a pretty sweet tax credit.

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dingbat
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Re: I Happened Across $15,000

Postby dingbat » Sat Dec 15, 2012 3:59 pm

badaboom61 wrote:Don't forget that grad plus loans have a f***ing FOUR PERCENT origination fee. If you do decide to pay down loans, it may make more sense to save the money and just forego taking taking out newg rad plus loans than to pay down preexisting principal. This might also allow you to get a pretty sweet tax credit.

:?:

badaboom61
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Re: I Happened Across $15,000

Postby badaboom61 » Sat Dec 15, 2012 4:13 pm

dingbat wrote:
badaboom61 wrote:Don't forget that grad plus loans have a f***ing FOUR PERCENT origination fee. If you do decide to pay down loans, it may make more sense to save the money and just forego taking taking out newg rad plus loans than to pay down preexisting principal. This might also allow you to get a pretty sweet tax credit.

:?:


If you pay some of your own tuition there are tax credits out there. Not sure exactly; maybe lifetime learning and/or one other one?

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dr123
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Re: I Happened Across $15,000

Postby dr123 » Sat Dec 15, 2012 4:18 pm

Drop out of lawl school and live the dream

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dingbat
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Re: I Happened Across $15,000

Postby dingbat » Sat Dec 15, 2012 4:20 pm

badaboom61 wrote:
dingbat wrote:
badaboom61 wrote:Don't forget that grad plus loans have a f***ing FOUR PERCENT origination fee. If you do decide to pay down loans, it may make more sense to save the money and just forego taking taking out newg rad plus loans than to pay down preexisting principal. This might also allow you to get a pretty sweet tax credit.

:?:


If you pay some of your own tuition there are tax credits out there. Not sure exactly; maybe lifetime learning and/or one other one?

I'm fairly certain you can claim the credit even if you're borrowing loans in order to pay for tuition

BearsGrl
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Re: I Happened Across $15,000

Postby BearsGrl » Sat Dec 15, 2012 4:27 pm

thesealocust wrote:
Mick Haller wrote:
bizzybone1313 wrote:I own a substantial amount of money in stock. What would be a good way for my future law school not to find out? Sell a lot of it and stuff the money under my mattress until I need it?


Gift to your parents. De-gift upon graduation.


Won't work unless poster is over the age of 26 or so I think; they look at your parents assets as well.


Kids under 26 don't need to be going to law school anyways. They end up spazzy on TLS talking about "how do I act on an interview" like some advice is going to magically make it all better.

I'm just glad that my parents have real estate that could be sold to pay off debt. My parents were always planners and made me start a Roth IRA young. Glad they made me do it.

BearsGrl
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Re: I Happened Across $15,000

Postby BearsGrl » Sat Dec 15, 2012 4:28 pm

zanzbar wrote:
laxbrah420 wrote:This isn't fucking undergrad dude. You're not getting need based financial aid unless youre going to one of those non poisonous schools


Not entirely true since I take you to mean T14 as the only non-poisonous school, I go to Univ of Hou, and I had to file my income tax return last year in a very particular way in order to get my FASFA number really low so I could get the need based financial grant they offer.

Pretty much if you know any successful farmers ask them who they use as an accountant because those guys know all the loopholes in order to get pretty much any state of federal funded grants that can help their clients, including college ones for their kids.


So you're outing the fact that you lied on an application? Wowsa.

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20130312
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Re: I Happened Across $15,000

Postby 20130312 » Sat Dec 15, 2012 4:32 pm

dingbat wrote:I'm fairly certain you can claim the credit even if you're borrowing loans in order to pay for tuition

Correct.

BearsGrl wrote:Kids under 26 don't need to be going to law school anyways. They end up spazzy on TLS talking about "how do I act on an interview" like some advice is going to magically make it all better.

I'm just glad that my parents have real estate that could be sold to pay off debt. My parents were always planners and made me start a Roth IRA young. Glad they made me do it.

The most obnoxious poster, ladies and gentlemen. If there wasn't a bright line "no telling people to kill themselves" rule on TLS, I'd tell you to kill yourself.




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